Dorsey & Whitney Trust CO LLC Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Dorsey & Whitney Trust CO LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,760 shares of the company’s stock after purchasing an additional 2,163 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in PepsiCo were worth $4,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in PEP. TCW Group Inc. boosted its position in PepsiCo by 44.3% in the 4th quarter. TCW Group Inc. now owns 440,689 shares of the company’s stock valued at $76,553,000 after buying an additional 135,394 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its position in PepsiCo by 43.0% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 6,911 shares of the company’s stock valued at $1,040,000 after buying an additional 2,079 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in PepsiCo by 10.9% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 623,410 shares of the company’s stock valued at $93,768,000 after buying an additional 61,230 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in PepsiCo by 36.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 28,653 shares of the company’s stock valued at $4,310,000 after buying an additional 7,617 shares during the last quarter. Finally, Atria Investments LLC boosted its position in PepsiCo by 5.1% in the 3rd quarter. Atria Investments LLC now owns 97,909 shares of the company’s stock valued at $14,726,000 after buying an additional 4,739 shares during the last quarter. 71.08% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PEP traded down $5.79 on Friday, hitting $171.71. The stock had a trading volume of 6,504,920 shares, compared to its average volume of 4,409,124. PepsiCo, Inc. has a one year low of $142.50 and a one year high of $177.62. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The stock has a market cap of $237.41 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.48 and a beta of 0.65. The company’s 50-day moving average is $166.99 and its two-hundred day moving average is $167.33.

PepsiCo (NASDAQ:PEPGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.23 by $0.06. The firm had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. PepsiCo’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 4th were issued a $1.075 dividend. This represents a $4.30 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, March 3rd. PepsiCo’s dividend payout ratio (DPR) is presently 58.82%.

A number of equities research analysts have recently issued reports on PEP shares. Morgan Stanley upped their target price on shares of PepsiCo from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $173.00 to $175.00 in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $183.00 to $186.00 in a research note on Wednesday. Barclays cut their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, February 14th. Finally, Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 target price on the stock in a research note on Monday, April 4th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $176.56.

PepsiCo Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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